PPX COMMUNICATIONS

Active

Private limited company (pre-2019)founded 199729 yrs activeAvenue Gevaert 245, 1332 Rixensart, BelgiumKBO/BCE: BE 0461.282.213

PPX COMMUNICATIONS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

17 / 100

Critical▲ +9 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability57▲+57

Solvency33=

Growth58=

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Age of the figures

13 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€9k

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 04-03-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

4 d late

2024

on the day

2023

3 d early

2022

5 d early

2021

59 d late

2020

24 d late

2019

9 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

31-07-2026 close12-09-2026 today28-02-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-1k

2024 · €9k

2019: €-8k 2020: €4k 2021: €8k 2022: €-7k 2023: €-37k 2024: €9k

2019 → 2025

Working capital

€-9k▼ 12.9%

2024 · €-8k

2019: €-16k 2020: €-10k 2021: €-3k 2022: €-5k 2023: €-17k 2024: €-8k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€27k-€19k▼ 27.5%€-17k€-8k▲ 52.9%€-9k▼ 12.9%

Operating result€8k-€-7k€-36k▼ 433%€9k€-350

Net result€8k-€-7k€-37k▼ 396%€9k€-1k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €350 after €9k in 2024.

Key figures and ratios

2025 value · change against 2024

Debt

€9k▲

2024 · €9k

Debt ≤ 1 year

€9k▲

2024 · €9k

Ratios withheld: a balance sheet total of €37 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€798€37▼

Current assets29/58€798€37▼

Amounts receivable within one year40/41€9-

Other amounts receivable41€9-

Cash at bank and in hand54/58€789€37▼

Equity and liabilities

Total equity and liabilities10/49€798€37▼

Equity10/15€-8k€-9k▼

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-16k€-17k▼

Amounts payable17/49€9k€9k▲

Amounts payable within one year42/48€9k€9k▲

Financial debts43-€1k

Credit institutions430/8-€1k

Trade debts44€411€400▼

Suppliers440/4€411€400▼

Taxes, remuneration and social security45€1k€89▼

Taxes450/3€1k€89▼

Other amounts payable47/48€7k€7k▼

Income statement Code20242025

Non-recurring operating income76A€11k-

Other operating charges640/8€0-

Gross operating margin9900€9k€-350▼

Operating profit (loss)9901€9k€-350▼

Financial income75/76B€10€7▼

Recurring financial income75€10€7▼

Financial charges65/66B€255€698▲

Recurring financial charges65€255€698▲

Profit (loss) for the period before taxes9903€9k€-1k▼

Profit (loss) for the period9904€9k€-1k▼

Profit (loss) for the period to be appropriated9905€9k€-1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-16k€-17k▼

Profit (loss) brought forward from the previous period14P€-25k€-16k▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 28-02-2027

2026

04-03

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 4 days late

2025

28-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-07

Financial Back to profitnet €9k

Net result €9k after 2 loss-making years.

26-02

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-07

Financial Weakest financial yearnet €-37k

Net result drops to €-37k, the lowest in the series; recovery starts the following year.

23-02

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

28-04

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 59 days late

2021

24-03

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 24 days late

2020

31-07

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

09-03

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 9 days late

2019

18-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

27-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 149 days late

27-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 514 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Rixensart · 1 establishment unit since 1997

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Avenue Gevaert 2451332 Rixensart

Ground area

270 m²

Building footprint

80 m²

Parcel 25033B0135/00_000, Wallonia. Linked by address, not a title deed.

1 establishment unit

Avenue Gevaert 245, 1332 Rixensart